Fiserv, Inc., the provider of financial services technology, announces that its Board of Directors has authorized it to repurchase up to five million shares of the companys common stock, approximately 3% of its outstanding shares.
As of 31 March 2009, the company had approximately 500,000 shares remaining in its previous repurchase authorization.
Under the new authorization Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors. This authorization does not expire.
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